José Luis Vilar-Zanón

Dec 5, 2024 | onlinelibrary.wiley.com | Nan Zhou |José Garrido |Statistics Canada |José Luis Vilar-Zanón

Insurance companies: Regulators require insurers to report a climate change materiality assessment using climate change scenarios (e.g., in Solvency II, for their own risk solvency assessment—ORSA), and a new requirement will be imposed in 2025 for environmental, social, and governance (ESG) risk. Companies should measure climate change risk by an ACI, to provide a homogeneous assessment across lines of business, as is done for inflation with the consumer price index.